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The metals and mining markets are constantly changing. Stay connected to the stories driving change across the global metals markets, including the lasting effect of Russia’s invasion of Ukraine, energy price hikes, trade flow disruptions and the pull of decarbonization targets.
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Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were weaker this morning, Tuesday April 21, and Asian-Pacific and pre-market major western equity indices were weaker too.
Here are five Fastmarkets stories you might have missed on Monday April 20 that are worth another look.
Chinese domestic portside manganese ore prices of both high and low grades registered significant increases in the latest assessments on Friday April 17, after the country’s ore traders raised offer prices notably in response to a 14-day extension of the lockdown in South Africa.
Defaults among overseas buyers have become a problem for Chinese steel exporters in recent weeks, with falling prices and weakening demand triggered by the Covid-19 pandemic leading to an increase in export credit insurance claims.
The base metals on the London Metal Exchange and on the Shanghai Futures Exchange were mainly firmer this morning, Monday April 20, but broader markets were mixed with equities braced for the release of corporate earnings.
The base metals and broader markets are upbeat this morning, Friday April 17, with equity indices and metals prices showing strong gains – this despite some grim data out of China this morning, which suggests the markets may have been expecting even worse data.
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